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HotspotFX

  • Post #1
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  • First Post: May 23, 2008 8:47am May 23, 2008 8:47am
  •  Signum
  • | Joined May 2008 | Status: Member | 16 Posts
anybody is trading with them? spreads seems tight also commission is low (6$ round turn). what about at execution speed? can anybody write something?
  • Post #2
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  • May 23, 2008 9:07am May 23, 2008 9:07am
  •  shrike
  • Joined Jan 2007 | Status: Member | 1,818 Posts
Execution is very fast. I thought the quotes are a bit tighter on the demo than on the live server tho. Usd/jpy and Eur/Usd are about the same, but for pairs with a bit wider spread its different. Especially Gbp/Jpy seems to be often 0.5 - 2 pips on demo, but 3-5 pips on the live server. Usd/Chf and Gbp/Usd are 1-2 most of the time.
 
 
  • Post #3
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  • May 23, 2008 9:20am May 23, 2008 9:20am
  •  Signum
  • | Joined May 2008 | Status: Member | 16 Posts
so it's ok i'm trading mostly eur/usd and usd/jpy. how about third party charting software? any recommendations?
 
 
  • Post #4
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  • May 23, 2008 9:32am May 23, 2008 9:32am
  •  shrike
  • Joined Jan 2007 | Status: Member | 1,818 Posts
I use eSignal, but its not for free. They carry the Hotspot retail and institutional datafeed. Other options would be CQG, Tenfore, RealTick or TT XStudy, but they are way more expensive.

The new european platform has some limited charting functionality, but its useless in my opinion, and also a bit buggy. I would contact their support if there are more/free options for charting. Or just use free charts from another broker if your trading doesnt need super accurate charts to the pip.
 
 
  • Post #5
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  • May 23, 2008 10:24am May 23, 2008 10:24am
  •  Signum
  • | Joined May 2008 | Status: Member | 16 Posts
i'm a day trader so accurate chart is needed but i observe that efx and hotspot feeds are very similar.
 
 
  • Post #6
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  • May 23, 2008 11:11am May 23, 2008 11:11am
  •  shrike
  • Joined Jan 2007 | Status: Member | 1,818 Posts
Yes, they are very simmilar, i have both on eSignal, it should be fine to use this instead. You could use Ninjatrader sim account and connect it to efx/mb for free charting, however if you need chart history you will need an eSignal subscription because efx/mb provides realtime data only. In this case you can use an esignal 'data-only' subscription, which means you can only access the data with Ninjatrader but not use the esignal application itself (saves some money, base fee + FX data would be $100 instead of $175).
Alternative is to leave the computer running 24/7.
 
 
  • Post #7
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  • May 23, 2008 11:48am May 23, 2008 11:48am
  •  Cdn
  • | Joined Mar 2008 | Status: Member | 16 Posts
You can also load the free Gain feed for live and history data on Ninja Trader ... no need for a paid subscription ...
 
 
  • Post #8
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  • May 23, 2008 11:53am May 23, 2008 11:53am
  •  nqtraderman
  • | Joined Nov 2007 | Status: Member | 25 Posts
Quoting Cdn
Disliked
You can also load the free Gain feed for live and history data on Ninja Trader ... no need for a paid subscription ...
Ignored
HI, can you post a link to this Gain feed ? Do you not need to sign up with them or something to get it ?

is the data as good as Hotspots data ?
 
 
  • Post #9
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  • May 23, 2008 12:28pm May 23, 2008 12:28pm
  •  DrainBamage
  • | Joined Mar 2007 | Status: Forex maniac | 106 Posts
Quoting nqtraderman
Disliked
HI, can you post a link to this Gain feed ? Do you not need to sign up with them or something to get it ?

is the data as good as Hotspots data ?
Ignored
There is no link, you can choose Gain feed directly from NinjaTrader, it is in the list of feed providers. No need to install anything. Data is quite close to MBT and I suppose to HotSpot too, it is just a bit smoother, a little less movement than on MBT, but from historical point of view it is good enough for analysis
 
 
  • Post #10
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  • May 24, 2008 10:10am May 24, 2008 10:10am
  •  MRmojtaba
  • | Membership Revoked | Joined Mar 2007 | 303 Posts
i think there are more better brokers than hotspot
 
 
  • Post #11
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  • Last Post: May 24, 2008 1:11pm May 24, 2008 1:11pm
  •  fxtrader42
  • | Joined Oct 2007 | Status: Member | 576 Posts
Quoting MRmojtaba
Disliked
i think there are more better brokers than hotspot
Ignored
do you care to mention one of those better brokers?
 
 
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